BR1M and Malaysia Affordable Housing 2018

31st March, 2018

The Government of Malaysia is concerned about the constant rise of living cost and the ways it has deteriorated living standards especially to the low to medium income earning group of the population. To solve the issues, Bantuan Rakyat 1Malaysia (BR1M) was introduced in the year 2012. Through this program, the government gives out free aiding money every year to eligible BR1M applicants. This is done to help lessen the burden of high-living cost in the country.

BR1M 2018 scheme provides Malaysians with cash up to RM 1,200. Instead of spending money in unnecessary items, a citizen can use this extra money to help aid his finances of housing and related housing installment payment. As a BR1m applicant, you can plan using BR1M 2018, BR1M 2019, BR1M 2020 and future BR1M money for housing purpose.

Currently, many Malaysians or BR1m applicants do not possess their 1st home and now is the best time to consider buying the homes. There are various Affordable Housing Schemes (Rumah Mampu Milik - RMM) now initiated by the Malaysia Federal Government and respective state governments.

In present times, there are more than 20 Rumah Mampu Milik schemes implemented throughout Malaysia. However, many Malaysians are still unaware about these policies. The fact that each government agency works under their specific schemes and have different method of marketing adds to the problem of common citizens. Common people finds it hard to gather related info and understand various terms related with the schemes. This further makes it hard for them to settle on a sound decision.

Among various affordable housing schemes available, Rumah Murah takes pride in going that extra mile to gather and list the information in a tabulated form describing few popular Affordable Housing Schemes in Malaysia. The listed below affordable housing schemes can be clicked on. The link will lead you to another page describing in detail the projects under that particular scheme.

Rumah Mampu Milik

Schemes

Rumawip

Rumah Selangorku

PR1MA

PPA1M

PPR

My home

Rumah Idaman Rakyat (RIR)

Nationality

Malaysian

State Availability

Kuala Lumpur

Selangor

Any States

Any States

Any States

Any States

Any States

Age Above

21

18

21

18-60

18

18

21

Buying as 1st Property

Yes

Yes

Yes

Yes

Yes

Yes

Priority

Monthly Household Income (RM)

Below 15,000

Below 10,000

2,500 to 10,000

Below 10,000

Government Servants

Below 2,500

3,000 - 6,000

Below 10,000

Constraints to Sell (Year)

10

5

5

10

10

10

5

Constraint to Rent (Year)

10

5

5

N/A

N/A

No

No

Property value (RM)

52,000 - 300,000

42,000 - 250,000

100,000 - 400,000

150,000 - 300,000

30,000-

40,500

50,000 – 270,000

150,000 - 300,000

Source : Therumahmurah.com

The concerns from various Malaysian and BR1M applicants regarding 10% down payment, obtaining financing from the bank and paying related buying fees are still present in the process of availing these schemes. Many applicants still do not have enough down payment money for these schemes. However, availing the schemes is not as difficult as it sounds to be. There are few finance options for affordable housing purchase which can be availed without having to pay the downpayment money. These are:

If you are convinced of looking for an affordable housing, please visit TheRumahMurah.com . You can also download our APP from Apple App Store or Google Play store and get comprehensive affordable housing details. The app is free of cost. Rumah Murah is created to help everyone understand Malaysia Affordable Housing in an easy way.